Business Directories

BBK signs cash management deal

Manama, June 8, 2011

BBK has signed an agreement with Bahrain Chamber for Dispute Resolution (BCDR-AAA) to provide cash management solutions.

Under the new agreement, BBK will provide BCDR-AAA with automated solutions allowing them to make just-in-time payments through 'BBKCashlink', an integrated cash management platform.

The solution will provide BCDR-AAA control over their accounts and enable easy reconciliation of their transactions, said BCDR-AAA finance and administration director Samaa Al Engineer and BBK transactional banking division AGM Rashad Akbari after signing the deal.

The event was attended by a number of senior representatives of both organisations including, BCDR-AAA assistant ICT director Mushtaq Shaikh, accountant officer Bassam Ghassan and finance administrator Aisha Aqeel.

'The agreement comes as a result of cumulative efforts and expertise put through by BBK's cash management team in collaboration with the financial experts of BCDR-AAA to develop an end-to-end solution fostering their current workflow.'

According to him, BBK is the first local bank to introduce the world-class cash management platform 'BBKCashlink' in the region.

Most recently BBKCashlink was awarded both the Bahrain e-Content Award 2011 and the Middle East e-Government Excellence Award 2011 for e-Banking, he added.-TradeArabia News Service